Analysts Anticipate NuStar Energy L.P. (NYSE:NS) Will Announce Earnings of $0.35 Per Share

Equities analysts expect that NuStar Energy L.P. (NYSE:NS) will announce earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NuStar Energy’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.49. NuStar Energy reported earnings per share of $0.09 in the same quarter last year, which indicates a positive year-over-year growth rate of 288.9%. The business is scheduled to announce its next earnings report on Thursday, January 30th.

According to Zacks, analysts expect that NuStar Energy will report full year earnings of ($1.26) per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $1.75 per share, with EPS estimates ranging from $0.89 to $2.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover NuStar Energy.

NuStar Energy (NYSE:NS) last issued its earnings results on Tuesday, November 5th. The pipeline company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.18). NuStar Energy had a positive return on equity of 10.82% and a negative net margin of 10.42%. The firm had revenue of $378.06 million during the quarter, compared to analysts’ expectations of $397.50 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year.

NS has been the topic of several analyst reports. Mizuho initiated coverage on shares of NuStar Energy in a research note on Friday, August 2nd. They issued a “neutral” rating and a $32.00 target price on the stock. ValuEngine raised shares of NuStar Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.60.

Shares of NYSE NS traded up $0.37 during mid-day trading on Friday, hitting $28.71. The stock had a trading volume of 351,324 shares, compared to its average volume of 455,255. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.40 and a current ratio of 0.26. NuStar Energy has a 1 year low of $19.81 and a 1 year high of $30.06. The business has a 50 day moving average price of $28.30 and a two-hundred day moving average price of $27.71. The firm has a market cap of $3.05 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 15.83 and a beta of 1.56.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 8th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date of this dividend was Thursday, November 7th. NuStar Energy’s payout ratio is currently 358.21%.

Hedge funds have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of NuStar Energy during the 2nd quarter valued at $32,000. Lenox Wealth Advisors LLC bought a new position in NuStar Energy in the 3rd quarter worth about $32,000. North Star Investment Management Corp. bought a new position in NuStar Energy in the 3rd quarter worth about $39,000. NEXT Financial Group Inc boosted its stake in NuStar Energy by 277.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in NuStar Energy in the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 65.90% of the company’s stock.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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Earnings History and Estimates for NuStar Energy (NYSE:NS)

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